InterContinental to invest 270 million in Poland (PL)

The InterContinental Hotels Group has announced plans for 30 new hotels in Poland. In the next 10 years, company intends to open 7 Holiday Inns, 20-25 Express by Holiday Inn hotels and possibly 4 Crowne Plaza hotels, in investments totalling approximately 270 million.

One hotel is to be built in Józefów outside Warsaw at a cost of 20 million, and should be ready by February 2007.